Arcus hit by Elpida exposure, but still up for the month

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Three funds managed by London-based Arcus Investment, a
Japan value specialist, are invested in shares of Elpida
Holdings, the Tokyo-listed maker of computer memory chips,
which declared bankruptcy last week.

Arcus Japan Long / Short Fund, a UCITS structure, had 1.6%
of its assets exposed to the Japanese company based on the
closing price of Elpida shares last month; in the Arcus Japan
Fund the exposure was 1.5%; and at Arcus Zensen Fund, it was
1.3%.

According to the AsiaHedge database, the three fund
structures run current assets of $25 to $50 million each.

The Arcus funds were all underwater last year, but posted
strong gains in the first...

ISSN: 2151-1845 / CDC10004H

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